Capturing the night effect does not require playing in illiquid markets, a common misconception among advisors. NightShares ETFs offer targeted exposure to the overnight trading session, efficiently and cost-effectively capturing the night effect. The night effect is a market anomaly whereby overnight markets have historically outperformed the day session on a risk-adjusted basis. The night [...]
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While it appears to be safe to add duration to investors’ fixed income portfolios, there’s still reason to be cautious. Or at least, defensive. So, for advisors looking to defensively construct their portfolios, intermediate municipal bonds may be just what they’re looking for. Despite industry observers saying that bonds are back, fixed income markets and [...]
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Covered call strategies continue to gain traction this year as advisors and investors look to diversify their income streams. A noteworthy covered call fund that offers strong diversification potential is the KraneShares China Internet and Covered Call Strategy ETF (KLIP). “We wanted to deliver something that gave more certainty and outcomes,” Jonathan Shelon, COO of [...]
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In the latest addition to the burgeoning ETF landscape, Fidelity has filed to convert six mutual funds to ETFs. The funds all share the same “Enhanced Index Fund” branding and range from large- to small-cap strategies. The six join the firm’s existing roster of ETFs, which includes more than 50 total ETFs, according to VettaFi [...]
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Equal weight is poised to outperform the cap-weighted S&P 500 in June. With just a few days left in the month, the Invesco S&P 500® Equal Weight ETF (RSP), which tracks the S&P 500 Equal Weight Index, is handily outpacing the benchmark. Equal weight strategies have shown strength this month as market breadth has recently improved. [...]
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Overconcentrated stock positions can be highly risky for a portfolio. If one stock makes up 10% or more of a portfolio, that portfolio is vulnerable to that one company’s moves. And if that company goes out of business or its stock declines in value, the portfolio’s overall value could plummet. There are many ways a [...]
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Author: Kimberly Woody A real yield is an interest rate that has been adjusted to remove the effects of inflation. For example, in the chart below (blue line) the nominal ten-year interest rate has been decremented by the interest rate on a Treasury Inflation Protected Security (TIP) of the same maturity. The real rate offers [...]
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Top Performing Levered/Inverse ETFs Last Week These were last week’s top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. Ticker Name 1 Week Return (YANG A-) Direxion Daily FTSE China Bear 3X Shares 23.46% (ZSL A-) ProShares UltraShort Silver 15.88% (CONL ) GraniteShares 1.5x Long [...]
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Virtus ETF Solutions Income Strategist James Jessup said at Exchange 2023 that “income is the overriding theme of essentially all the conversations” he’s having. And according to Jessup, income is important “for a number of reasons.” One reason is the “changing demographics of the country.” The “nation is getting older,” Jessup said, adding that individuals [...]
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This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. We’ve also included XRP, as it was one of the largest cryptocurrencies when this article began. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to [...]
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The iShares Core MSCI Pacific ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.7 million shares traded versus three month average volume of about 101,000. Shares of IPAC were up about 0.7% on the day.
In trading on Wednesday, the Invesco WilderHill Clean Energy ETF is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Joby Aviation, up about 34.9% and shares of Archer Aviation, up about 15.8% on the day.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the DFIV ETF (Symbol: DFIV) where we have detected an approximate $107.0 million dollar inflow -- that's a 2.0% increase week over week in outstanding u
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $3 inflow -- that's a 0.8% increase week over week in outstanding uni
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco S&P 500 Quality ETF, where 28,810,000 units were destroyed, or a 21.3% decrease week over week. Among the largest underlying c
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the The Financial Select Sector SPDR Fund, which added 37,700,000 units, or a 4.0% increase week over week. Among the largest underlying components o
In trading on Wednesday, shares of the iShares U.S. Consumer Staples ETF (Symbol: IYK) crossed below their 200 day moving average of $197.73, changing hands as low as $197.46 per share. iShares U.S. Consumer Staples shares are currently trading down about 1.2% on the day. The
In trading on Wednesday, shares of the Gold Miners ETF (Symbol: GDX) crossed below their 200 day moving average of $29.36, changing hands as low as $29.21 per share. Gold Miners shares are currently trading off about 0.7% on the day. The chart below shows the one year perform
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) where we have detected an approximate $420.0 million dollar inflow -- that's a 1.2
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 Growth ETF (Symbol: IWO) where we have detected an approximate $165.7 million dollar inflow -- that's a 1.7% increase week over